# Terms and Fees

## Performance Fee

A performance fee will be applied on profits, which is realized daily and when the depositor engages in actions such as deposits, withdrawal requests, or withdrawals

<table><thead><tr><th width="185.9609375">Strategy</th><th width="162.86328125">Performance Fee</th><th width="236.8671875">Management Fee  (Annually)</th><th width="152.5234375">Withdrawal Fee</th></tr></thead><tbody><tr><td>JLP Navigator Vault</td><td>20%</td><td>0</td><td>0</td></tr><tr><td>JLP Navigator II Vault</td><td>25%</td><td>0</td><td>0</td></tr><tr><td>JLP HyperLoop Vault</td><td>25% </td><td>2%</td><td>0.3%</td></tr><tr><td>UltraX Arbitrage</td><td>20% </td><td>2%</td><td>0.3%</td></tr><tr><td>DriftPack Arbitrage</td><td>20% </td><td>2%</td><td>0</td></tr><tr><td>HyperPack Arbitrage</td><td>20%</td><td>2%</td><td>0</td></tr><tr><td>Multi Lend Vault</td><td>0%</td><td>0</td><td>0</td></tr><tr><td>Allora AI Edge Vault</td><td>25%</td><td>0</td><td>0</td></tr></tbody></table>

## Redemption Period

Deposited funds are generally subject to a 24-hour redemption period. While users may request withdrawals at any time, assets only become available after this 24-hour window—and any profits accrued during that period are forfeited.

* Multi-Lend Strategy Vault: 10-minute redemption period for maximum flexibility (profits earned during those 10 minutes are forfeited).
* DriftPack Arbitrage Vault: 48-hour redemption period to ensure the best execution rates when closing positions (profits earned during those 48 hours are forfeited).